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Sunday, 03/10/2019 8:26:29 PM

Sunday, March 10, 2019 8:26:29 PM

Post# of 727289
Just thought I would check the board

Received a nice check from the WMILT for my unsecured claim and it got me to thinking I might check the board after a long hiatus. I expected it would now be all about Coop and Escrow delusions would at last be over. But I am surprised to see the unsubstantiated theories still run rampant with the same old preachers selling new nonsensical interpretations of current events although nothing has changed and every past prediction has failed. Amazingly, a surprising number of posters still believe or need to believe in the myth of escrow millions. The actual MBS securitization process utilizing safe harbor, and Trusts has been explained and ignored many times by me and others who were in the mortgage business. The assets were sold to investors, any retained interests were on the balance sheet and sold to JPM. The MBS servicers remit all the cash flows less the serving fees to the investor/ owners every month as payments are received. Earnings are not held by the trusts. There are no hidden assets and or earnings sitting around unaccounted for, untaxed by state or federal governments, unclaimed by any entity just waiting for the magic moment, “the tell” to come to our escrow accounts.
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